Beyond Meat (BYND) Stock: Mizuho Cuts Price Target to $1 as Sales Drop

TLDR Mizuho cut Beyond Meat’s price target from $1.50 to $1.00 while keeping an Underperform rating The company reported Q3 revenues of $70.2 million, down 13.3% year-over-year, with wider losses than expected Beyond Meat took a $77 million impairment charge and burned through $42 million in cash during the quarter Fourth-quarter revenue guidance of $60-65 [...]

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